RideNode is a transportation blockchain.
BayRide Inc. is building RideNode™ (RIDE), the first American Transportation Blockchain, that enables the ridehailing market to thrive beyond its limits in order to allow direct transactions between drivers and riders and provide security protection by implementing features like S.M.A.R.T.FARE™ and RideGuard™
RideNode is a transportation blockchain.
RideNode™ (RIDE)
A Virtual Currency
RideNode™ tokens are a Virtual Currency and smart contract apparatus that aims to realign the interests of Drivers, Riders, & Service Coordinators who already utilize ride-hailing services.
RideNodes™ are a virtual currency & smart
contract apparatus that aims to realign the
interests of Drivers, Riders, & Service Coordinators (collectively referred to as our network participants) who already utilize ridehailing services (such as Uber, Lyft, Via and
even traditional taxi & limousine companies).
By leveraging the blockchain, RideNodes™
provide a superior platform not limited to logistics, payments, credential verification, and
incident responses, and a special emphasis on the safety and the security of BOTH the
riders and drivers.
Within the first few months of RideNode’s™ ICO Launch, RideNodes™ will
be utilized in the BayRide Mobile Application and capture a 5% percent
market share in the present $220 billion-dollar ride-hailing industry.
1. RideNodes™ - The First American Ride and Transportation Blockchain
A RideNode™ is a smart contract and digital currency apparatus that leverages proprietary
blockchain technology. The inspiration and vision on which RideNode™ was created upon,
to become the First American Blockchain and Digital Currency for the Ride and
Transportation sector, comes from how Henry Ford’s Model T went from conceptualization
to becoming America’s First affordable automobile that not only opened up new markets,
but also united families, improved working conditions, brought prosperity, and elevated
the society at a whole.
2. BayRide Inc. - A “Safety Over Profits” Corporate Policy
BayRide Inc. is an innovative and groundbreaking technology services company that seeks
to eliminate antiquated market competitors especially in the ride-hailing industry by first
making sure the drivers are paid exactly what they are owed and that passengers are safe
and secure from any kind of dangers during their rides. Hence, BayRide Inc. has deployed
a 0% Commission structure for drivers. This is advantageous to BOTH drivers and
passengers as drivers will get paid more and passengers will pay less on every
single ride. Simply put, BayRide Inc. cuts out the middleman, making ridesharing
industry decentralized and laissez-faire. BayRide Inc.’s revenue streams will be generated
from several other technologically advanced features that will be demonstrated and
discussed thoroughly in this whitepaper. The Board of Directors of BayRide Inc. recognizes
that the organization’s primary assets consist of its core operational blockchain technology,
physical security features for both passengers and drivers, with a significant emphasis on
all riders. Essentially, one of BayRide’s primary mission objective is to facilitate the
introduction and expansion of Executive Protection services into the ridesharing market,
thereby making executive protection services for all riders available, accessible, and
affordable.
3. BayRide Mobile Application and RideNode’s™ Blockchain Technology
BayRide Inc.’s main technology will be its Native Mobile Application technology for both
IOS and Android operating systems. This mobile application will be welcomed with open
arms in the markets by virtually every end-user because of “letting the markets decide”
approach. Every end-user will benefit and stand to gain due to the decentralized structure
of this technology, the Blockchain based apparatus. Therefore, the organization will
immediately stand out in the market by being The First Technologies Provider Firm to truly
implement a Decentralized Platform for the Ride-hailing, Executive Protection, Bodily
Security and Courier Industries.
4. Current State of Affairs in the Blockchain Technologies Industry
From 2015 to 2017 investors across the globe witnessed the blockchain industry grow
800% in terms of initial coin offerings. Contrary to what many believe, an initial coin
offering, also known as ICO, is not the same as an Initial Public Offering, or an IPO. In an
IPO setting, investors pay the corporation’s board of directors, investors, and management for a slice of equity either in the form of preferred or common stock. In an initial
coin offering the subtle difference is that investors purchase tokens that are leveraged in
blockchain technology1 but do not get any ownership or slice of the pie of the corporation.
Furthermore, ICOs are merely a necessary fundraising tool for start-ups (especially tech
start-ups) to get off the ground with minimum resources. I
Security and Courier Industries.
4. Current State of Affairs in the Blockchain Technologies Industry
From 2015 to 2017 investors across the globe witnessed the blockchain industry grow
800% in terms of initial coin offerings. Contrary to what many believe, an initial coin
offering, also known as ICO, is not the same as an Initial Public Offering, or an IPO. In an
IPO setting, investors pay the corporation’s board of directors, investors, and management for a slice of equity either in the form of preferred or common stock. In an initial
coin offering the subtle difference is that investors purchase tokens that are leveraged in
blockchain technology1 but do not get any ownership or slice of the pie of the corporation.
Furthermore, ICOs are merely a necessary fundraising tool for start-ups (especially tech
start-ups) to get off the ground with minimum resources. I
3. BayRide Mobile Application and RideNode’s™ Blockchain Technology
BayRide Inc.’s main technology will be its Native Mobile Application technology for both
IOS and Android operating systems. This mobile application will be welcomed with open
arms in the markets by virtually every end-user because of “letting the markets decide”
approach. Every end-user will benefit and stand to gain due to the decentralized structure
of this technology, the Blockchain based apparatus. Therefore, the organization will
immediately stand out in the market by being The First Technologies Provider Firm to truly
implement a Decentralized Platform for the Ride-hailing, Executive Protection, Bodily
Security and Courier Industries.
a 0% Commission structure for drivers. This is advantageous to BOTH drivers and
passengers as drivers will get paid more and passengers will pay less on every
single ride. Simply put, BayRide Inc. cuts out the middleman, making ridesharing
industry decentralized and laissez-faire. BayRide Inc.’s revenue streams will be generated
from several other technologically advanced features that will be demonstrated and
discussed thoroughly in this whitepaper. The Board of Directors of BayRide Inc. recognizes
that the organization’s primary assets consist of its core operational blockchain technology,
physical security features for both passengers and drivers, with a significant emphasis on
all riders. Essentially, one of BayRide’s primary mission objective is to facilitate the
introduction and expansion of Executive Protection services into the ridesharing market,
thereby making executive protection services for all riders available, accessible, and
affordable.
2. BayRide Inc. - A “Safety Over Profits” Corporate Policy
BayRide Inc. is an innovative and groundbreaking technology services company that seeks
to eliminate antiquated market competitors especially in the ride-hailing industry by first
making sure the drivers are paid exactly what they are owed and that passengers are safe
and secure from any kind of dangers during their rides. Hence, BayRide Inc. has deployed
a 0% Commission structure for drivers.
1. RideNodes™ - The First American Ride and Transportation Blockchain
A RideNode™ is a smart contract and digital currency apparatus that leverages proprietary
blockchain technology. The inspiration and vision on which RideNode™ was created upon,
to become the First American Blockchain and Digital Currency for the Ride and
Transportation sector, comes from how Henry Ford’s Model T went from conceptualization
to becoming America’s First affordable automobile that not only opened up new markets,
but also united families, improved working conditions, brought prosperity, and elevated
the society at a whole.
Within the first few months of RideNode’s™ ICO Launch, RideNodes™ will
be utilized in the BayRide Mobile Application and capture a 5% percent
market share in the present $220 billion-dollar ride-hailing industry.
RideNodes™ are a virtual currency & smart
contract apparatus that aims to realign the
interests of Drivers, Riders, & Service Coordinators (collectively referred to as our network participants) who already utilize ridehailing services (such as Uber, Lyft, Via and
even traditional taxi & limousine companies).
By leveraging the blockchain, RideNodes™
provide a superior platform not limited to logistics, payments, credential verification, and
incident responses, and a special emphasis on the safety and the security of BOTH the
riders and drivers.
RideNode™ (RIDE)
A Virtual Currency
RideNode™ tokens are a Virtual Currency and smart contract apparatus that aims to realign the interests of Drivers, Riders, & Service Coordinators who already utilize ride-hailing services.